No
matter how old a person is, it is important to put money toward savings and
investments regularly, as the benefit of accumulated funds is one of the most
important factors of wealth building. Even if only a small amount of money
can be set aside at a time, regular contributions to savings and investment
plans will grow over time.

Additionally,
many vehicles include the possibility of the benefit of compounded interest,
which can translate into the growth of a saver’s contributions over time. DiversyFund,
a company that is changing up the perception of real estate investing, shares
the following tips to help you build wealth like the 1%.

Diversify

While
saving cash is great, especially if the cash contributions are intended for a
short-term savings plan, it is crucial for people, when planning their
investments, to consider diversifying investments to mitigate overall
risk.

Each
financial portfolio should include safe, conservative options for the security
of funds and more aggressive options for growth opportunity. Not all investments are right for
everyone. It is essential for each
person to consider his or her risk tolerance and long-term financial
goals.

Take Advantage of Tax
Benefits

There
are many programs and benefits available that will reduce the amount of taxes
that are paid on income. The best advice is to seek out the investments and
savings plans that offer the greatest tax benefits. Over time, these plans can
result in considerable savings and lead to even great savings growth.

Plan for The Long Term

Whether
a person begins saving and investing in their teenage years or as an adult
nearing retirement age, part of the plan should be placed on a long-term
perspective. It is vital that short-term savings are available in case of
emergency, but by committing to long term goals with a diversified
investment portfolio,
you will cover not just your short term goals but also long term plans.

It
can be challenging for families to find extra money to contribute to a savings
or investment account. Living a lifestyle
within, or even below, one’s means may be required to achieve financial
independence. It is crucial, however, that a specific plan is in place for an
individual’s financial security. Research the many different options available.
It is also prudent to consult a financial professional for guidance.

By
using the above tips, the average person can be confident that savings will
grow over time and provide for his or her family needs. The most important advice, however, is to be
disciplined and consistent. Only then
can the greatest rewards be reaped.

About:
DiversyFund
was founded to help everyday investors build wealth like the 1%. The company
opens up real estate investing to the average person by breaking down
traditional barriers to entry such as high minimum investments and unnecessary
broker fees. Through their online platform, they are helping investors diversify their asset portfolio beyond stocks and bonds.